Open Text Seeks BPM Growth With Metastorm Buyout

Inside the Briefcase

Augmented Reality Analytics: Transforming Data Visualization

Tweet Augmented reality is transforming how data is visualized...

ITBriefcase.net Membership!

Tweet Register as an ITBriefcase.net member to unlock exclusive...

Women in Tech Boston

Hear from an industry analyst and a Fortinet customer...

IT Briefcase Interview: Simplicity, Security, and Scale – The Future for MSPs

In this interview, JumpCloud’s Antoine Jebara, co-founder and GM...

Tips And Tricks On Getting The Most Out of VPN Services

In the wake of restrictions in access to certain...

Open Text Seeks BPM Growth With Metastorm Buyout

February 4, 2011 No Comments

SOURCE: Open Text

Enterprise content management vendor Open Text Corporation announced its purchase offer of $182 million for Metastorm Inc., a business process management software company.

John Shackleton, president and CEO of Open Text, said in a news release that the proposed buyout would add “complimentary technology and expertise” to his company’s ECM solutions portfolio.

Metastorm, which is headquartered in Baltimore, provides software for BPM, business process analysis and enterprise architecture. Robert Farrell, Metastorm chairman and CEO, stated: “Combined with Open Text, Metastorm will be able to provide a broader and deeper range of offerings to our customers, while leveraging the strength and stability that comes with being part of a larger global organization.”